Breach Inlet Capital Management LLC Makes New $8.90 Million Investment in Cars.com Inc. $CARS

Breach Inlet Capital Management LLC bought a new position in Cars.com Inc. (NYSE:CARS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 729,439 shares of the company’s stock, valued at approximately $8,899,000. Cars.com makes up approximately 4.2% of Breach Inlet Capital Management LLC’s investment portfolio, making the stock its 11th biggest position.

A number of other institutional investors have also bought and sold shares of the business. Aristeia Capital L.L.C. purchased a new position in Cars.com in the 4th quarter worth approximately $531,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Cars.com by 0.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 783,423 shares of the company’s stock worth $9,559,000 after buying an additional 4,626 shares during the last quarter. Monimus Capital Management LP acquired a new stake in shares of Cars.com during the 4th quarter worth approximately $2,086,000. California State Teachers Retirement System increased its holdings in shares of Cars.com by 109.2% during the 4th quarter. California State Teachers Retirement System now owns 101,810 shares of the company’s stock worth $1,242,000 after buying an additional 53,154 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Cars.com by 11.9% during the 4th quarter. Russell Investments Group Ltd. now owns 259,981 shares of the company’s stock worth $3,172,000 after buying an additional 27,585 shares during the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CARS has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of Cars.com from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. BTIG Research raised their price target on shares of Cars.com from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of Cars.com in a report on Friday, February 27th. JPMorgan Chase & Co. raised their price target on shares of Cars.com from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, DA Davidson restated a “buy” rating and set a $13.00 price target on shares of Cars.com in a report on Monday, April 13th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.67.

Cars.com Stock Down 2.9%

Shares of NYSE CARS opened at $9.84 on Thursday. The firm has a market cap of $549.94 million, a price-to-earnings ratio of 22.88 and a beta of 1.60. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.98. Cars.com Inc. has a 52-week low of $7.40 and a 52-week high of $13.97. The business’s 50 day moving average is $10.19 and its two-hundred day moving average is $10.58.

Cars.com (NYSE:CARS) last announced its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The firm had revenue of $180.22 million during the quarter, compared to analysts’ expectations of $180.16 million. Cars.com had a net margin of 3.73% and a return on equity of 18.12%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 EPS. Research analysts predict that Cars.com Inc. will post 1.59 EPS for the current year.

Insider Transactions at Cars.com

In other Cars.com news, CFO Sonia Jain sold 34,021 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.49, for a total value of $322,859.29. Following the sale, the chief financial officer owned 312,833 shares of the company’s stock, valued at $2,968,785.17. The trade was a 9.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.36% of the stock is currently owned by insiders.

Cars.com Profile

Cars.com operates as a leading online automotive marketplace in the United States, connecting car shoppers with new and used vehicle listings from dealerships and private sellers. The platform enables consumers to research makes and models, compare prices, read expert and user reviews, and access tools such as TrueCost to estimate ownership expenses over time. Through its website and mobile applications, Cars.com aims to simplify the car-buying process by aggregating detailed vehicle data, payment calculators, and dealership ratings into a single user-friendly experience.

On the dealer side, Cars.com provides a suite of marketing and lead-generation services designed to help automotive retailers reach potential buyers and manage their online presence.